The Role of Financial Institutions in Promoting Energy Efficiency Projects

Petre Marius Bogdan – Doctoral Student at Bucharest University of Economics Studies, Romania

Elena Casandra Ceaușescu – Doctoral Student at Bucharest University of Economics Studies, Romania

Mircea Sorin Zaharcu – Doctoral Student at Bucharest University of Economics Studies, Romania

Georgeta Bolojan -Doctoral Student at Bucharest University of Economics Studies, Romania

Abstract: This research highlights the way financial institutions, like as banks and investment funds, play a crucial role in promoting and develop­ing energy efficiency projects. By providing capital and expertise, these en­tities facilitate the implementation of initiatives aimed at reducing energy consumption, using renewable sources, and improving energy efficiency. The funded projects cover a wide range of objectives, from reducing depen­dence on fossil fuels to improving air quality and increasing industrial com­petitiveness. By supporting these initiatives, financial institutions aim to cre­ate sustainable energy infrastructures, stimulate job creation, and facilitate an efficient transition to clean energy sources. The research results highlight the fact that financial institutions play a crucial role in the development of energy efficiency, and by fulfilling the directives established by the European Union, an upward trend can be created in the following projects.

8th International Scientific Conference – EMAN 2024 – Economics and Management: How to Cope With Disrupted Times, Rome, Italy, March 21, 2024, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-83-7, ISSN 2683-4510, DOI: https://doi.org/10.31410/EMAN.2024

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